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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) and Perion Network Ltd. (PERI). Click either name above to swap in a different company.
Perion Network Ltd. is the larger business by last-quarter revenue ($368.7M vs $308.1M, roughly 1.2× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 2.1%, a 26.1% gap on every dollar of revenue. Grand Canyon Education, Inc. produced more free cash flow last quarter ($122.9M vs $-2.9M). Over the past eight quarters, Perion Network Ltd.'s revenue compounded faster (16.4% CAGR vs 5.9%).
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
Perion Network Ltd. is a publicly traded advertising technology company that provides digital advertising technology solutions to advertisers, agencies, retailers, and publishers. Its core offerings are delivered through Perion One, a unified omnichannel advertising platform designed to support campaign planning, activation, optimisation, and measurement across channels and verticals including connected television (CTV), digital out-of-home (DOOH), display, video advertising, as well as retai...
LOPE vs PERI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $368.7M |
| Net Profit | $86.7M | $7.7M |
| Gross Margin | — | — |
| Operating Margin | 35.1% | 2.0% |
| Net Margin | 28.1% | 2.1% |
| Revenue YoY | 5.3% | — |
| Net Profit YoY | 5.9% | — |
| EPS (diluted) | $3.13 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $308.1M | — | ||
| Q3 25 | $261.1M | $368.7M | ||
| Q2 25 | $247.5M | $266.5M | ||
| Q1 25 | $289.3M | $157.8M | ||
| Q4 24 | $292.6M | — | ||
| Q3 24 | $238.3M | $508.9M | ||
| Q2 24 | $227.5M | $323.6M | ||
| Q1 24 | $274.7M | $145.2M |
| Q4 25 | $86.7M | — | ||
| Q3 25 | $16.3M | $7.7M | ||
| Q2 25 | $41.5M | $5.6M | ||
| Q1 25 | $71.6M | $11.8M | ||
| Q4 24 | $81.9M | — | ||
| Q3 24 | $41.5M | $78.0M | ||
| Q2 24 | $34.9M | $45.2M | ||
| Q1 24 | $68.0M | $23.8M |
| Q4 25 | 35.1% | — | ||
| Q3 25 | 6.9% | 2.0% | ||
| Q2 25 | 20.9% | -1.7% | ||
| Q1 25 | 30.4% | 5.4% | ||
| Q4 24 | 34.2% | — | ||
| Q3 24 | 20.2% | 15.1% | ||
| Q2 24 | 18.8% | 13.7% | ||
| Q1 24 | 30.8% | 16.9% |
| Q4 25 | 28.1% | — | ||
| Q3 25 | 6.2% | 2.1% | ||
| Q2 25 | 16.8% | 2.1% | ||
| Q1 25 | 24.8% | 7.5% | ||
| Q4 24 | 28.0% | — | ||
| Q3 24 | 17.4% | 15.3% | ||
| Q2 24 | 15.3% | 14.0% | ||
| Q1 24 | 24.8% | 16.4% |
| Q4 25 | $3.13 | — | ||
| Q3 25 | $0.58 | — | ||
| Q2 25 | $1.48 | — | ||
| Q1 25 | $2.52 | — | ||
| Q4 24 | $2.83 | — | ||
| Q3 24 | $1.42 | — | ||
| Q2 24 | $1.19 | — | ||
| Q1 24 | $2.29 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $111.8M | $156.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $746.9M | $722.9M |
| Total Assets | $992.3M | $915.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | — | ||
| Q3 25 | $97.3M | $156.2M | ||
| Q2 25 | $192.3M | $156.2M | ||
| Q1 25 | $144.5M | $156.2M | ||
| Q4 24 | $324.6M | — | ||
| Q3 24 | $263.6M | $187.6M | ||
| Q2 24 | $241.3M | $187.6M | ||
| Q1 24 | $196.2M | $187.6M |
| Q4 25 | $746.9M | — | ||
| Q3 25 | $758.0M | $722.9M | ||
| Q2 25 | $778.0M | $722.9M | ||
| Q1 25 | $780.7M | $722.9M | ||
| Q4 24 | $783.9M | — | ||
| Q3 24 | $764.1M | $718.1M | ||
| Q2 24 | $759.2M | $718.1M | ||
| Q1 24 | $759.4M | $718.1M |
| Q4 25 | $992.3M | — | ||
| Q3 25 | $1.0B | $915.5M | ||
| Q2 25 | $1.0B | $915.5M | ||
| Q1 25 | $1.0B | $915.5M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $992.9M | $1.1B | ||
| Q2 24 | $992.7M | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $130.5M | $2.6M |
| Free Cash FlowOCF − Capex | $122.9M | $-2.9M |
| FCF MarginFCF / Revenue | 39.9% | -0.8% |
| Capex IntensityCapex / Revenue | 2.5% | 1.5% |
| Cash ConversionOCF / Net Profit | 1.50× | 0.34× |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.5M | — | ||
| Q3 25 | $-48.6M | $2.6M | ||
| Q2 25 | $124.0M | — | ||
| Q1 25 | $67.6M | — | ||
| Q4 24 | $135.8M | — | ||
| Q3 24 | $-29.4M | $105.2M | ||
| Q2 24 | $98.6M | — | ||
| Q1 24 | $85.0M | $17.8M |
| Q4 25 | $122.9M | — | ||
| Q3 25 | $-58.3M | $-2.9M | ||
| Q2 25 | $115.4M | — | ||
| Q1 25 | $58.7M | — | ||
| Q4 24 | $126.1M | — | ||
| Q3 24 | $-39.0M | $104.7M | ||
| Q2 24 | $89.6M | — | ||
| Q1 24 | $76.0M | $17.6M |
| Q4 25 | 39.9% | — | ||
| Q3 25 | -22.3% | -0.8% | ||
| Q2 25 | 46.6% | — | ||
| Q1 25 | 20.3% | — | ||
| Q4 24 | 43.1% | — | ||
| Q3 24 | -16.3% | 20.6% | ||
| Q2 24 | 39.4% | — | ||
| Q1 24 | 27.7% | 12.2% |
| Q4 25 | 2.5% | — | ||
| Q3 25 | 3.7% | 1.5% | ||
| Q2 25 | 3.5% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 3.3% | — | ||
| Q3 24 | 4.0% | 0.1% | ||
| Q2 24 | 3.9% | — | ||
| Q1 24 | 3.3% | 0.1% |
| Q4 25 | 1.50× | — | ||
| Q3 25 | -2.99× | 0.34× | ||
| Q2 25 | 2.98× | — | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 1.66× | — | ||
| Q3 24 | -0.71× | 1.35× | ||
| Q2 24 | 2.83× | — | ||
| Q1 24 | 1.25× | 0.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOPE
Segment breakdown not available.
PERI
| Advertising Solutions | $231.4M | 63% |
| Search Advertising | $137.3M | 37% |
